Hotel · New York, New York
Beekman Tower
Beekman Tower is financed with a $63.0M CMBS loan at 4.633% that reaches maturity on April 6, 2028, in 17 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $63,000,000
- Original balance (same notes)
- $63,000,000
- Interest rate
- 4.633% fixed
- Originated
- June 16, 2017
- Maturity
- April 6, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ends
- February 5, 2028
- Master servicer
- Midland
- Originator
- LoanCore Capital Markets LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred June 22, 2020, returned February 26, 2021
- Workout strategy
- Resolved
- Modified
- Yes, most recently May 6, 2020
- Defeasance
- None reported
The property
- Address
- 3 Mitchell Place, New York, NY 10017
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 114,000 sq ft
- Units, rooms or beds
- 178
- Built
- 1928, renovated 2014
- Value at securitization
- $146.0M (Mar 2018)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.62x | n/a |
| Occupancy | 85% | n/a |
| Net operating income | $4.8M | n/a |
Watch flags
Computed from the COMM 2018-COR3 Mortgage Trust filing for the reporting period ending September 8, 2026, filed with the SEC September 25, 2026.
- Modified
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- The most recent valuation in the filing is $79.9M (October 14, 2020), against $146.0M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $63.0M | Current | No | n/a | n/a |
| August 2026 | $63.0M | Current | No | n/a | n/a |
| July 2026 | $63.0M | Current | No | n/a | n/a |
| June 2026 | $63.0M | Current | No | n/a | n/a |
| May 2026 | $63.0M | Current | No | n/a | n/a |
| April 2026 | $63.0M | Current | No | 2.18x | 86% |
| March 2026 | $63.0M | Current | No | 1.97x | 86% |
| February 2026 | $63.0M | Current | No | 1.97x | 84% |
| January 2026 | $63.0M | Current | No | 1.97x | 84% |
| December 2025 | $63.0M | Current | No | 1.97x | 84% |
| November 2025 | $63.0M | Current | No | 0.55x | 73% |
| October 2025 | $63.0M | Current | No | 0.55x | 73% |
From each trust's ABS-EE filing for that month. Coverage and occupancy change only when the servicer reports new statements. If one trust holding a piece of the loan skipped a month, that month's balance reads low.
Special-servicing history
- Transferred to the special servicer June 22, 2020, returned to the master servicer February 26, 2021.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| COMM 2018-COR3 Mortgage Trust | 5 | $63,000,000 | Sep 2026 | SEC filing, September 25, 2026 |
Other New York-Newark-Jersey City loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| One SoHo Square | New York, NY | Office | $469.0M | 2.725% | Aug 2028 | 1.78x | 85% | With the special servicer |
| 11 West 42nd Street | New York, NY | Office | $274.0M | 7.44% | Jul 2028 | 1.27x | 99% | Current |
| Harborside 2-3 | Jersey City, NJ | Office | $225.0M | 5.84% | Apr 2028 | 2.29x | 76% | Current |
| 3 Park Avenue | New York, NY | Office | $182.0M | 4.75% | Dec 2028 | 0.61x | 47% | Current |
| Gateway Center South | Brooklyn, NY | Retail | $162.5M | 6.873% | Jun 2028 | 1.69x | 98% | Current |
| 685 Fifth Avenue Retail | New York, NY | Retail | $160.0M | 3.871% | Jul 2028 | 3.13x | 100% | With the special servicer |
| 1745 Broadway | New York, NY | Office | $144.0M | 3.768% | Jun 2028 | 2.52x | 88% | Current |
| 65 Broadway, New York (2028 maturity), loan 4Sb in CF 2019-CF1 Mortgage Trust | New York, NY | Office | $136.0M | 4.935% | Dec 2028 | n/a | n/a | Current |
All loans maturing in 2028 · All New York-Newark-Jersey City loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 8, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.